In some of the countries where we operate, there is a tradition of corruption, in which the political elites work with business in the framework of unsavory relationships.

He or she must be successful in economic terms, but always within an ethical framework. Whether his or her constituency is a corporation and its shareholders or the customers in a small and privately held business, his or her first responsibility is to serve that constituency.

Without competition, the spectacular development of technology that we have seen in the last one hundred years in this country would not have happened.

It makes no sense to talk of the social obligations of the corporation without reference to its economic obligations. The two are intertwined.

I find it interesting that many of the people who want to restrict fossil fuels live in well-developed countries where abundant and affordable energy is readily available.

We have seen that in this country in the last few years, particularly on Wall Street, with the rise of the old human frailty of greed. This occurs when people begin to serve only their own needs to the detriment of everyone else.

It is important to remember that all business has an impact on the lives of real people.